Macy’s Inc (M)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,306,000 | 315,000 | 646,000 | 876,000 | 1,034,000 | 1,034,000 | 364,000 | 364,000 | 438,000 | 438,000 | 603,000 | 603,000 | 862,000 | 862,000 | 326,000 | 326,000 | 300,000 | 300,000 | 672,000 | 1,712,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 293,000 | — | — | 291,000 | — | 293,000 | — | 255,000 | — | 300,000 | — | 204,000 | — | 219,000 | — | — |
| Total current liabilities | US$ in thousands | 4,524,000 | 5,773,000 | 3,867,000 | 4,550,000 | 4,430,000 | 4,430,000 | 6,014,000 | 6,014,000 | 4,184,000 | 4,184,000 | 4,782,000 | 4,782,000 | 4,861,000 | 4,861,000 | 6,743,000 | 6,743,000 | 4,708,000 | 4,708,000 | 5,543,000 | 5,416,000 |
| Quick ratio | 0.29 | 0.05 | 0.17 | 0.19 | 0.30 | 0.23 | 0.06 | 0.11 | 0.10 | 0.17 | 0.13 | 0.18 | 0.18 | 0.24 | 0.05 | 0.08 | 0.06 | 0.11 | 0.12 | 0.32 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,306,000K
+ $—K
+ $—K)
÷ $4,524,000K
= 0.29
The quick ratio of Macy's Inc has shown fluctuating trends over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
On January 31, 2022, the quick ratio was 0.32, indicating that the company had $0.32 of liquid assets for every $1 of current liabilities.
The ratio decreased to 0.12 on April 30, 2022, and further dropped to 0.11 on July 30, 2022. This suggests a potential liquidity challenge for the company during this period.
By January 31, 2023, the quick ratio improved to 0.18, showing some recovery in the company's short-term liquidity position.
However, the ratio fluctuated in the following quarters, reaching 0.06 on October 31, 2023, and 0.05 on October 31, 2024, indicating periods of reduced liquidity.
The quick ratio improved to 0.29 on January 31, 2025, reflecting a better liquidity position at the end of the period.
Overall, Macy's Inc has experienced varying levels of liquidity challenges over the analyzed periods, with some improvement noted towards the end of the timeline.
Peer comparison
Jan 31, 2025